Investments, News

#Fundingwire: Bluestone Raises $30M from IIFL, RB Investments & More


Shown above: Gaurav Singh Kushwaha, Co-Founder, Bluestone

Fundingwire is your quick summary of notable investments made in the technology space. The firms which have recently raised investment include OneIndia, Bluestone, Applop, Sagacito and ImageProVision.

Bluestone Raises $30M from IIFL, RB Investments

IIFL and RB Investments Pte have led  $30 million Series D round in online jewellery retailer Bluestone at undisclosed valuation. Existing investors in the company Kalaari Capital, Accel and IvyCap Ventures participated in the current round.The company competes with Tata Group backed Caratlane in the online jewellery space.

The current round of capital will be used by the company to set up an additional manufacturing unit outside of Mumbai where it operates two units. Read More

Applop Raises Bridge Round from GHV Accelerator

Applop Mobile Solutions Pvt. Ltd, a software-as-a-service provider that enables users to make their own mobile app, has raised a bridge round of funding from existing investor Green House Ventures Accelerator, co-founder Rahul Singhal.

The Gurgaon-based startup has received nearly $250,000 so far and is seeking to close this round at $500,000. The startup will use the fresh capital for technology development and expanding operations to Southeast Asia. A part of money will also be used for marketing and brand building. Read More

Dailyhunt Picks Up Minority Stake in OneIndia

News and ebooks mobile application Dailyhunt has picked up a minority stake for Rs 15 crore in OneIndia, the local news language portal owned by Rajesh Jain and BG Mahesh.

Investment will help Dailyhunt expand its partnership with OneIndia, which is owned by Greynium Information Technologies. The deal will help Dailyhunt, which focuses on local language users, generate multimedia content, especially short format video and audio, for its platform. The two companies already have a content partnership. Read More

Star India Invests $10M in Sagacito

Star India Pvt. Ltd, a subsidiary of Rupert Murdoch’s Twenty-First Century Fox Inc., has invested close to $10 million in data science and analytics startup Sagacito Technologies Pvt. Ltd founded by two former top executives at Bennett, Coleman & Co. Ltd.

Star India has invested $1 million in Sagacito against 10% equity and another $8.2 million through a so-called build-and-operate model under which it will use the start-up’s tools and services for five years. Sagacito is a mobile-first, cloud-based enterprise solutions company that claims it will use internal and external databases to create measurable insights that go beyond conventional data manipulation and computation capabilities. Read More

ImageProVision Technology Raises Angel Funding

Pune-based image analysis startup ImageProVision Technology has raised an undisclosed amount of funding from angel investor Satish Jamdar, former managing director of Blue Star.

ImageProVision Technology was founded in 2010 by Sandeep Kulkarni and Prithviraj Jadhav. The company focuses on processing and detail analysis of images, along with the development of image processing applications. ImageProVision plans to use the funds raised towards further strengthening their presence within the pharma sector and tapping into more clients. Read More

Image Source: Kalaari Capital

Have ideas to share? Submit a post on iamwire

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>